ULI@LUNCH: The Real Estate Outlook & Trends that are Transforming Downtown Tijuana
The Cali-Baja mega-region boasts $230 billion shared economy, a shared workforce and strong binational collaboration. Notably, there is nowhere else in the world is there a border crossing with two major cities on both sides. The San Ysidro port of entry is the busiest border crossing in the world. More than 60,000 people cross the border from Mexico to the US every day for work. San Diego and Tijuana are uniquely positioned to help fill the gaps in each other’s economic and social fabric. As a direct result of the North American Free Trade Agreement, Tijuana has emerged as the manufacturing and assembly sector for the greater Cali-Baja Mega region. This in turn has lifted Tijuana to have one of the largest middle classes of any Mexican city.
New growth is creating opportunities for Tijuana to host critical railroad, airport, energy generation, port and desalination infrastructure that is almost impossible to build in the San Diego regulatory environment. Perhaps most importantly, Tijuana continues to evolve as a location for providing affordable housing solutions within the entire region.
The potential for San Diego and Tijuana to work together to provide work force housing affordable to the middle class and close the housing affordability gap by building in Tijuana is exponential. This is a potential game-changer for our region. Showcasing a collaborative binational and multi-jurisdictional community is at the heart of ULI’s shared values.
- Moderated by: Maricarmen Castallenos, CEO, Probien
- Sergio Gonzalez, Business Developer, Probien
- Richard Hammar, Attorney
- David Rosas, Project Developer, Cumbres Sky View
- David Laveaga, Secretary of Economic Development, City of Tijuana